NexPoint Sends Letter to United Development Funding IV (UDF IV) Shareholders in Advance of Court-Ordered Annual Meeting
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NexPoint Diversified Real Estate Trust (NXDT)
Company Research
Source: PR Newswire
Large Shareholder to Nominate Four Independent Trustees to Restore Accountability and Transparency Following Criminal Convictions of Members of Former Management TeamDALLAS, June 13, 2024 /PRNewswire/ -- NexPoint Real Estate Opportunities, LLC (together with its affiliates "NexPoint") announced today that it has sent a letter to fellow shareholders of United Development Funding IV ("UDF IV" or the "Company"), a real estate investment trust, ahead of the Company's upcoming Annual Meeting of Shareholders. The Circuit Court for Baltimore City, Maryland recently issued an order requiring UDF IV to hold an Annual Meeting on or before December 31, 2024, at which four of the five trustees must stand for election.The letter, included below, notifies shareholders of this recent development and of NexPoint's intent to nominate four highly qualified, independent trustees who will act in the interest of shareholders to restore accountability at UDF IV.NexPoint encourages shareholders to visit udf
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News
- NexPoint Nominates Four Independent Trustees to United Development Funding (UDF IV) Board of TrusteesPR Newswire
- NexPoint Diversified Real Estate Trust Releases Investor PresentationPR Newswire
- NexPoint Diversified Real Estate Trust Announces Preferred Share DistributionPR Newswire
- NexPoint Diversified Real Estate Trust Announces Quarterly DistributionPR Newswire
- Following Years of Governance Failures, Court Orders UDF IV to Hold Trustees Election in 2024PR Newswire
NXDT
Sec Filings
- 6/27/24 - Form 4
- 6/26/24 - Form 4
- 6/25/24 - Form 4
- NXDT's page on the SEC website